LTV, Low and Slow — RS Edge Analysis

In agency MBS, the specified pool market prices high-LTV loans at a pay-up over TBA for the prepayment protection they offer. This relationship has been well established for both high-LTV purchase loans as well as MHA (Making Home Affordable–i.e., modification and refi programs for troubled loans) production. But what about low-LTV loans? In this post,… ShareTweetShare+1